Fernandes: QPR transfer policy is in place

The owner insists he has learned from past mistakes and has spoken to manager Harry Redknapp regarding their summer recruitment plans after being relegated to the Championship
QPR owner Tony Fernandes has revealed the club will be employing a new transfer policy following their relegation to the Championship.

5/1 QPR are 5/1 with BetVictor to win the Championship next season
A goalless draw at Reading on Sunday consigned the Harry Redknapp's side back to England's second tier following a two-year stay in the Premier League, with the focus immediately turning to reducing numbers from the bloated squad.

And Fernandes admits he is partly to blame for the overcrowding at Loftus Road after allowing the "football side" to handle recruitment following his takeover in August 2011.

"At the time when we arrived we were offered a lot of players, many on free transfers," he told the club's official website.

"We questioned a few of these and it wouldn't be fair for me to name names, but we weren't long in the business and we deferred to the footballing side of the business. At the end of the day, we went with what the footballing side said.

"The transfer policy is in place now for next season and beyond. A lot of our investment has gone into building up the squad. Now we're in a position where we can trade.

"We weren't able to do that before – we were just buying, buying and buying.

"The policy was how long do we sign a player for and what kind of wages are we paying. That's all been cleared up now, though."